{"690220":{"#nid":"690220","#data":{"type":"external_news","title":"Strait of Hormuz disruptions will affect more than gas prices","body":[{"value":"\u003Cp\u003EBecause oil and gas underpin production, transportation, and logistics, higher energy costs will gradually move through supply chains\u2014meaning the most significant economic consequences may not appear for months.\u003C\/p\u003E\u003Cp\u003E\u201cThe effects move slowly and appear in places people do not connect to energy,\u201d says \u003Ca href=\u0022https:\/\/econ.gatech.edu\/people\/person\/tibor-besedes\u0022\u003ETibor Besedes\u003C\/a\u003E, professor in the School of Economics at Georgia Tech.\u003C\/p\u003E\u003Cp\u003E\u201cOil and natural gas are part of the cost structure for an enormous range of goods.\u201d\u003C\/p\u003E\u003Cp\u003EAbout 20% of global oil and liquefied natural gas flows through the waterway linking the Persian Gulf to world markets. When that flow is constrained, the impact ripples outward across industries most people never associate with an energy crisis.\u003C\/p\u003E\u003Cp\u003E\u201cIn complex supply chains, a disruption in one critical link, even if only briefly, can cascade through the system, well beyond the initial event,\u201d says \u003Ca href=\u0022https:\/\/www.isye.gatech.edu\/users\/pinar-keskinocak\u0022\u003EPinar Keskinocak\u003C\/a\u003E, chair and professor in the H. Milton Stewart School of Industrial and Systems Engineering.\u003C\/p\u003E\u003Cp\u003ERead Full Story: \u003Ca href=\u0022https:\/\/www.futurity.org\/strait-of-hormuz-prices-economic-disruption-3332882\/\u0022\u003EFuturity Newspage\u003C\/a\u003E\u003C\/p\u003E","summary":"","format":"limited_html"}],"field_subtitle":"","field_summary":[{"value":"\u003Cp\u003E\u003Cstrong\u003ERising oil and gasoline prices have been the center of attention since the closure of the Strait of Hormuz. But that immediate effect tells only part of the story.\u003C\/strong\u003E\u003C\/p\u003E","format":"limited_html"}],"field_summary_sentence":"","uid":"36413","created_gmt":"2026-05-11 13:32:42","changed_gmt":"2026-05-11 13:35:05","author":"pdevarajan3","boilerplate_text":"","field_publication":"","publication":"Futurity","field_article_url":"","publication_url":"https:\/\/www.futurity.org\/strait-of-hormuz-prices-economic-disruption-3332882\/","dateline":{"date":"2026-04-30T00:00:00-04:00","iso_date":"2026-04-30T00:00:00-04:00","tz":"America\/New_York"},"extras":[],"hg_media":{"680244":{"id":"680244","type":"image","title":"04302026straight-of-hormuz-gas-prices-energy-costs-1600.jpg","body":null,"created":"1778506372","gmt_created":"2026-05-11 13:32:52","changed":"1778506538","gmt_changed":"2026-05-11 13:35:38","alt":"Gas station zooming in on the three different colored pumps","file":{"fid":"264488","name":"04302026straight-of-hormuz-gas-prices-energy-costs-1600.jpg","image_path":"\/sites\/default\/files\/2026\/05\/11\/04302026straight-of-hormuz-gas-prices-energy-costs-1600.jpg","image_full_path":"http:\/\/hg.gatech.edu\/\/sites\/default\/files\/2026\/05\/11\/04302026straight-of-hormuz-gas-prices-energy-costs-1600.jpg","mime":"image\/jpeg","size":160471,"path_740":"http:\/\/hg.gatech.edu\/sites\/default\/files\/styles\/740xx_scale\/public\/2026\/05\/11\/04302026straight-of-hormuz-gas-prices-energy-costs-1600.jpg?itok=B0S41A6z"}}},"media_ids":["680244"],"groups":[{"id":"1188","name":"Research Horizons"},{"id":"367481","name":"SEI Energy"},{"id":"1280","name":"Strategic Energy Institute"}],"categories":[{"id":"131","name":"Economic Development and Policy"},{"id":"144","name":"Energy"},{"id":"151","name":"Policy, Social Sciences, and Liberal Arts"},{"id":"135","name":"Research"}],"keywords":[{"id":"188853","name":"go-seiinthenews"},{"id":"187927","name":"go-inthenews"}],"core_research_areas":[],"news_room_topics":[],"event_categories":[],"invited_audience":[],"affiliations":[],"classification":[],"areas_of_expertise":[],"news_and_recent_appearances":[],"phone":[],"contact":[],"email":[],"slides":[],"orientation":[],"userdata":""}}}